PayPal (PYPL) reported its first quarter earnings, raising its profit guidance for 2024. In the report, the company cites strong consumer demand. This is backed by a survey from LendingTree which states that 29% of Americans plan on using buy now, pay later loans.
Wedbush Securities Equity Research Analyst Moshe Katri joins Market Domination to discuss PayPal's performance and break down how the company is utilizing valueadded services for success.
Katri gets to the core of valueadded services: "If you're a merchant, we're talking about a bunch of different applications that are needed for your daily operations. Anywhere from inventory management, receivables, rewards, apparel processing or payroll and obviously capital. These are all things that you need to operate your business and if you're able to use, for example, PayPal as a onestop shop for that, you should be able to kind of unbundle that business, which is valueadded services from the payments piece. "
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